Federal Bank Long

FEDERAL BANK LTD.BSE

Description

⋅ Oct 29, 2019 1:59 PM

Price has broken out of a upward Channel on the down side.
Made a double bottom outside the channel.

Stock can be bought at these levels with target of 98 and SL of 78
Risk Reward is 1:4 and returns can be around 19 Percent.

OI Analysis :-

Good Buildup on the put side.
OI has decreased by 5 percent in today session which indicates short covering.

Comment

⋅ Nov 10, 2019 9:44 AM

Trend Analysis Support and Resistance

Comments

leenasanj

⋅ Nov 9, 2019 3:43 PM

Sir, your double bottom eg. SBI & FEDERAL BANK and double top PFC outstanding.

priceNpedia

⋅ Nov 9, 2019 3:45 PM

@leenasanj, This was a tricky one...i scaled out when it reached the resistance...was not expecting it to reverse so voilently....but then if u look closely it is forming a traingle set up...it should again take support from these levels and go up..And i guess this time once it breaks out of traingle...it would rally.

leenasanj

⋅ Nov 9, 2019 6:04 PM

@ZubairMir, Sir, please let us know in advance

priceNpedia

⋅ Nov 10, 2019 5:36 AM

@leenasanj, I will update ... wanted to update the chart to this thread only..not sure whether that is possible..need to check.

priceNpedia

⋅ Nov 10, 2019 5:39 AM

@ZubairMir,

leenasanj

⋅ Nov 10, 2019 4:13 PM

@ZubairMir, Sir, no able to go through

priceNpedia

⋅ Nov 10, 2019 6:15 PM

@leenasanj, I have put the chart above.. ignore this one.

leenasanj

⋅ Nov 11, 2019 5:09 AM

@ZubairMir, your communication skills are excellent and fast

priceNpedia

⋅ Nov 11, 2019 5:26 AM

@leenasanj, Thanks bro